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Q：
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What is the annual filing requirement for a Limited Liability Partnership (“LLP”) in Malaysia?
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A：
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It is a statutory requirement for a LLP to lodge its Annual Declaration with Companies Commission of Malaysia (CCM) within 90 days after its financial year ends, together with a prescribed fee.
For a newly registered LLP, the first Annual Declaration must be lodged no later than eighteen months from the date the LLP is registered.
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Q：
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What does the Annual Declaration confirm?
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A：
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The Annual Declaration affirms that the LLP is financially solvent and capable of meeting its debt obligations as they fall due during the ordinary course of business.
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Q：
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Who is responsible for submitting the Annual Declaration?
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A：
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The submission of the Annual Declaration must be carried out by the appointed compliance officer who acts as the active lodger for the LLP.
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Q：
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What is the consequence if the LLP does not submit its Annual Declaration on time?
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A：
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Failure to lodge the Annual Declaration within stipulated timeframe may result in a fine not exceeding RM20,000. If the non-compliance persist, the LLP is subject to a further fine up to RM500 for each day that the defaults continues.
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Q：
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How to submit the Annual Declaration?
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A：
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The Annual Declaration can be submitted online through the MyLLP system available on the SSM4U portal.
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SOALAN LAZIM
